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Oil prices rebounded on Friday as American S&P 500 index and Nasdaq data moved into positive territory. Brent crude added 54 cents, or 0.9 percent, to close at $64.37 a barrel. WTI futures edged 0.4% higher at $61.25 per barrel

A retreating stock market and fears about rising U.S. crude output contributed to a fall in oil prices on Thursday to two-week lows. Brent crude declined by 3% to end at $63.83 a barrel. WTI futures dropped by 1.1% to close at $60.99 a barrel.

Oil prices continued to decline on Wednesday after official data showed a larger-than-predicted hike in U.S. crude inventories and an unexpected rise in gasoline stocks. Brent crude was down 85 cents, or 1.3%, at $65.78 a barrel. WTI futures ended 2.2% lower at $61.64 a barrel.

Oil prices declined on Tuesday, marking its first fall in five days, due to a firmer U.S. dollar and predictions that upcoming weekly data will indicate a rise in U.S. crude inventories. Brent crude dropped by 1.3% to end at $66.63 a barrel. WTI futures tumbled by 1.4% to close at $63.01 a barrel.

Oil prices rose on Monday to almost a three-week peak hit a day earlier, due to signs of strong production cuts by OPEC and non-OPEC countries and an insignificant fall in U.S. output. Brent crude added 19 cents, or 0.3%, to end at $67.50 a barrel. WTI futures surged by 0.6% to settle at $63.91 a barrel.